Also, be aware of the foreclosure rescue laws or regulations in your state.

Also as stated 1,800 is just not really worth the time and brain drain your going through here.. and you could lose all  your money.. if you lose the dough and its a OK  no big deal then that's one thing if your going to be pissed you lost it and or made no money then you should cover yourself.1st lien with title insurance that the borrower pays all costs.its a cardinal rule for most lenders to NEVER step in on a 3/4 finish project and rescue someone. especially if they went into this undercapitalized in the first place..

If Sub2 make sure you understand the Florida Foreclosure Rescue Fraud Prevention Act.

The premise of the central bank’s $85 billion rescue of American International Group Inc. in September was that the insurer’s failure posed a threat to the system through its role in the derivatives market.

Rescue Seen at Hand for 2 Mortgage Giants

I never ever would trust a "team" However, putting on my Broker hat, I have rescued several investors that have purchased site unseen.

@Lydia T.Because when you back out/cancel the contract and the owner loses their house they are going to blame you and thats how lawsuits happenYUP  this is why many states have very strong foreclosure rescue laws.. too many all hat no cattle were tieing up property with unsuspecting sellers only to have the so called wholesaler who is going to solve their problems  fail and they lose the house.. instead of just listing and selling it..  

@Frank Closer  one of the toughest loans to get is a mid rehab or mid construction rescue loans for the above stated reasons. 

Once again, the Guvment in Austin comes to the rescue !

I want a shelter with acres of property for all types of rescued animals and I would love to travel the world with all the generated income from real estate to help rebuild communities and rescue animals!